Trading plan: BTCUSD (Bitcoin)
Bitcoin rate is falling slowly. Volume analysis shows a reduction in the size of positions for sale (for reference look at point 2 on the chart). This means that soon Bitcoin rate will go up, bounce
The closest resistance level for Bitcoin is now the volume zone near $ 8100 - $ 8200 (for reference look at point 1 on the chart). If Bitcoin can fix above this zone, then one can expect long purchases up to $ 8,600 - $ 9,000.
Priority of the day: neutral position on BTCUSD.
Bitcoin's support zone for volume analysis is the price range: $ 7,650 - $ 7,600 (blue line on the chart). In the event of a sharp drop in the Bitcoin rate, it is near this zone that we expect resistance from buyers.
Projected scenarios:
1. Sell BTSUSD from $ 8100 to $ 7,800.
2. Flat in the $ 8000 - $ 8100 zone until the end of the day.
An alternative scenario:
The bounce of Bitcoin rate up may begin today. The volume of sales fell - this is a good sign for buyers. In this case, the rate of Bitcoin will be fixed above the $ 8000 level and move upwards, to $ 8,300 - $ 8,400.
The closest resistance level for Bitcoin is now the volume zone near $ 8100 - $ 8200 (for reference look at point 1 on the chart). If Bitcoin can fix above this zone, then one can expect long purchases up to $ 8,600 - $ 9,000.
Priority of the day: neutral position on BTCUSD.
Bitcoin's support zone for volume analysis is the price range: $ 7,650 - $ 7,600 (blue line on the chart). In the event of a sharp drop in the Bitcoin rate, it is near this zone that we expect resistance from buyers.
Projected scenarios:
1. Sell BTSUSD from $ 8100 to $ 7,800.
2. Flat in the $ 8000 - $ 8100 zone until the end of the day.
An alternative scenario:
The bounce of Bitcoin rate up may begin today. The volume of sales fell - this is a good sign for buyers. In this case, the rate of Bitcoin will be fixed above the $ 8000 level and move upwards, to $ 8,300 - $ 8,400.
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